Lakeland Bancorp Announces Quarterly and Year-End 2023 Earnings
I want to thank all of the Lakeland associates for their incredible contributions and unwavering customer support during this uncertain period."
- I want to thank all of the Lakeland associates for their incredible contributions and unwavering customer support during this uncertain period."
- Net interest income for the fourth quarter of 2023 of $65.3 million decreased $16.3 million compared to the fourth quarter of 2022.
- Gain on equity securities increased from $11,000 in fourth quarter 2022 to $391,000 in fourth quarter 2023.
- Lakeland Bancorp remains above regulatory “well capitalized” standards, with a Tier 1 leverage ratio of 9.27% at December 31, 2023.